AssetCo Group, Martin Gilbert’s acquisition vehicle, has agreed to sell its stake in River and Mercantile’s infrastructure investments business (RMI) to its chief Ian Berry, alongside its other two existing partners.
In a stock exchange notice today (6 October), the company said the partners of RMI will continue managing and operating the business outside the AssetCo Group, with the sale expected to close in the fourth quarter of this year. RMI's primary activity is as investment adviser to the River and Mercantile Infrastructure Income fund, which was launched and made its first investments in 2022. Infrastructure equity capabilities 'jewel' in River and Mercantile crown Ian Berry joined River and Mercantile to lead the firm's infrastructure business in January 2021 after more than a decade ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
